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Right after choosing presumptive taxation, Should your cash flow goes over and above the set limit then You need to get your textbooks audited.
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Will I be permitted any deduction for virtually any expenditure incurred for investments and insurance policy high quality under Segment 80C and 80D, if I choose presumptive taxation?
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If the experts claim their earnings to become below fifty% in their gross total receipts and also whenever they exceed the the Restrict of gross receipt, then they can not go for presumptive taxation.
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